[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread

[utopianfuture]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

Claiming tokens is optional. You won't miss anything if you don't claim tokens on the NXT AE. 

I doubt that claiming your stake the "traditional" way will be a one-click-solution. How do you suppose that would work ?

thx
I thought there would be a nem-software to download later that would work similar like a bitcoin-wallet? No?

Of course there'll be a wallet but how does that claim your stake ? Anyone can use the wallet so you can't just include stakes in wallets.

so how will stakes be claimed after launch?

The likely process of receiving your NEM is that you open a wallet in NEM client (NCC) which should be available before the launch and send us the address via PM. We will distribute NEM to that address on the launch day.

[instacalm]

utopianfuture, I haven't been around for a long time, hope you're all well.

what's the state of development?

[utopianfuture]

utopianfuture, I haven't been around for a long time, hope you're all well.

what's the state of development?

Still doing POI tuning + integration. Closed Alpha this weekend and if it goes smoothly, there will be an ETA for an open Alpha soon.

[jenea4pda]

Chris001!
You have very good signature! I will steal it from you!

Thanks

[gustav]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

In that case you should wait for the official launch because you can receive NEM earlier (probably on the launch day depending on the logistics). Token owners will receive their NEM two weeks after the official launch.    

ok, thanks.

[patmast3r]

Gustuv.

Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.

That's  incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange.

oh sorry. i thought it was 1.56.. was sure i read it somehwere.. anyway thats ok.. makes allot more sence now being 1 stake = 1 token thus being able to trade 100 coins at once. much simpler, thanks

why will we get ours 2 weeks after launch?

I'm guessing we'll distribute the "regular" stakes first and that will take quite a bit of time.

[Soadan]

Gustuv.

Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.

That's  incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange.

oh sorry. i thought it was 1.56.. was sure i read it somehwere.. anyway thats ok.. makes allot more sence now being 1 stake = 1 token thus being able to trade 100 coins at once. much simpler, thanks

why will we get ours 2 weeks after launch?

100 thousand nem, not 100.

[shaman2000]

Hi Guys!

I think that NEM asset exchange is very clever idea!

NEM wallet looking fantastic!

[conbos]

Hi all!
I had been less active than before, but continously reading this thread. The idea of transfer NEM stakes to the NXT AE is a nice idea, but I confess that I cannot judge if it is convinient to do it or not. What can be he pros and cons of such decision? Has anyone some ideas?
Thanks in advance!

[patmast3r]

Gustuv.

Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.

That's  incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange.

oh sorry. i thought it was 1.56.. was sure i read it somehwere.. anyway thats ok.. makes allot more sence now being 1 stake = 1 token thus being able to trade 100 coins at once. much simpler, thanks

why will we get ours 2 weeks after launch?

I'm guessing we'll distribute the "regular" stakes first and that will take quite a bit of time.

But pay outs of nem tokens will be automated. Ao send total nem needed to where ever it needs to be to fund token withdrawls and let it run while distributing normal stake holders. It would actually be more efficient if everyone used the tokens. Whyleave token holders til the end if all ya gota do is send one bulk transaction to fund auto withdrawls?

If people know the token stakes are guna be sent automatically, and do that first. More people will do that just to get their stake before those with regular stakes. Thus less normal stakes to distribute so it woulbe faster for ose who really dont want to use nem.

@soadan. In that case i stand by my previous post a page or 2 back about 1 stake one asset. Its retarded. What if near the end or half way or after alpha stakes  are 5btc, thats a minimum buy in limit of .5 btc... TOTALLY DEFEATS THE PURPOSE!

I was just guessing and I haven't really looked into the AE much so maybe UP has a different reason.

[utopianfuture]

Gustuv.

Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.

That's  incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange.

oh sorry. i thought it was 1.56.. was sure i read it somehwere.. anyway thats ok.. makes allot more sence now being 1 stake = 1 token thus being able to trade 100 coins at once. much simpler, thanks

why will we get ours 2 weeks after launch?

I'm guessing we'll distribute the "regular" stakes first and that will take quite a bit of time.

But pay outs of nem tokens will be automated. Ao send total nem needed to where ever it needs to be to fund token withdrawls and let it run while distributing normal stake holders. It would actually be more efficient if everyone used the tokens. Whyleave token holders til the end if all ya gota do is send one bulk transaction to fund auto withdrawls?

If people know the token stakes are guna be sent automatically, and do that first. More people will do that just to get their stake before those with regular stakes. Thus less normal stakes to distribute so it woulbe faster for ose who really dont want to use nem.

@soadan. In that case i stand by my previous post a page or 2 back about 1 stake one asset. Its retarded. What if near the end or half way or after alpha stakes  are 5btc, thats a minimum buy in limit of .5 btc... TOTALLY DEFEATS THE PURPOSE! it prevents the people with below the amount required to buy .1 of a stake to buy in.. many many people wont be able to buy in with that sort of money!

Gimre, our chief scientist said 1 token divided by 10 should be maximum. The logistics could be a nightmare otherwise. Since you don't code, stop talking like you know about automaton.  

[msin]

Gimre, our chief scientist said 1 token divided by 10 should be maximum. The logistics could be a nightmare otherwise. Since you don't code, stop talking like you know about automaton.  

Totally agree with this, any more division would be such a headache to deal with on launch.

[TauMuon]

utopianfuture:
specify when will be the first auction.
very interesting what will be the cut-off price share.

The first auction will be during the open Alpha, which has no ETA just yet - likely 2-3 weeks.

[utopianfuture]

It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo. 


A new economy based on the principles of financial freedom, decentralization, equality and friendship.


The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform.

[utopianfuture]

Fair enough, why didnt you just say that sooner? If it was automated would you not just record the amount in and do an out transaction of real nem for the same amount?

https://bitcointalk.org/index.php?topic=426303.msg6836490#msg6836490

[Parana]

It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo.  


A new economy based on the principles of financial freedom, decentralization, equality and friendship.


The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform.

/clap  !!!

[maruosch]

Question: Can an asset token be traded in nxt? The other assets, shown at the nxt client can be traded in nxt.

[maruosch]

It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo.  


A new economy based on the principles of financial freedom, decentralization, equality and friendship.


The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform.

/clap  !!!

But...what is the difference to nxt?;-)

[gimre]

Fair enough, why didnt you just say that sooner? If it was automated would you not just record the amount in and do an out transaction of real nem for the same amount?

https://bitcointalk.org/index.php?topic=426303.msg6836490#msg6836490

"let's say your stake would be equal to 10 NEM tokens"

this says that tokens can be broken down to 1/10 of a stake..(100k nem) nothing more.. so my statements still stands..

Which statement?

kodtycoon, you're doing good job for community and I don't want to argue with you, but 1/10 of a stake is minimum that you'll be able to trade.

[utopianfuture]

It has been changed: www.ournem.com; I dropped charity for friendship (is comradeship better) because I think the latter is better for our goal. Charity is very good and we will do a bunch of them but it could be at more individual level imo.  


A new economy based on the principles of financial freedom, decentralization, equality and friendship.


The world we live in could be made better. We could make trade and finance fairer when we use a decentralized currency and reduce the influence of the established capital. We could prevent the corruption of centralized power when we embrace grassroots movement and decentralization. We could support the the principle of equality to give all people a fair chance in life. We could transform the boss-employee hierarchical relationship in most conventional working environments to one where people are partners and friends and making decisions in a democratic fashion. NEM community advances its ideas and projects via Nemcoin premier decentralized technological platform.

/clap  !!!

But...what is the difference to nxt?;-)

I hope the difference will be in the things we do, not words